High Grade Materialsbenefits

High Grade Materials's benefits plans covered 330 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $198,119. Insurance brokers and agents were paid $113,227 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 57.2% of premiums. That is $343 per covered person, above the median for employer plans that report broker pay. Broker pay rose 60% from $70,833 in 2023.